CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Canadian Investment Regulatory Organization

Our tier
Tier 1
Jurisdiction
Canada
Public register
Open the official register

The Canadian Investment Regulatory Organization is the national self-regulatory body for investment dealers in Canada, working alongside the provincial securities commissions.

What it means for a retail trader

Canadian residents are generally served only by CIRO member firms. Margin rates are set by the regulator, and client accounts at member firms are covered by the Canadian Investor Protection Fund within its limits if a member becomes insolvent.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a CIRO licence

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
CMC Markets Founded 1989 Listed 91 CMC Markets UK plc FCA #173730 Tier 1 $0 Own platformMT4TradingView Review Visit site
FOREX.com Founded 2001 Listed 62 GAIN Global Markets Inc. CIMA #25033 Tier 3 (offshore) $100 Own platformMT4MT5TradingView Review Visit site
Interactive Brokers Founded 1978 Listed 91 Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 $0 Own platformTradingView Review Visit site
OANDA Founded 1996 54 OANDA Global Markets Ltd BVI FSC Tier 3 (offshore) $0 Own platformMT4MT5TradingView Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.